|
Net sales for the quarter ended June 18 of the company stood at Rs 345.69 crore up by 12% on YoY basis. OPM stood at 15.4%, up by 30 bps thus overall growth in OP stood at Rs 53.21 crore, up by 14% YoY. Other income for June 18 quarter stood at Rs 6.91 crore as compared to Rs 1.59 crore for June 17 quarter. Thus, PBIDT was up by 24% to Rs 60.12 crore. With interest costs being up by 30% to Rs 5.18 crore and depreciation were down by 5% to Rs 8.60 crore, PBT was up by 31% to Rs 46.34 crore. With total tax of Rs 16 crore, up by 30% YoY, PAT for the quarter ended June 18 stood at Rs 30.34 crore, up by 32% YoY.
For the quarter, sales from the building product segment stood at Rs 295.6 crore up by 13% YoY basis and accounted for 86% of sales. PBIT from the same was up by 13% to Rs 50.67 crore and accounted for 92% of total. PBIT margin stood at 17.1% vis a vis 17.2% for June 17 quarter.
For the quarter, sales from the synthetic blended yarn Segment stood at Rs 50.08 crore, up by 3% YoY and accounted for 14% of sales. PBIT from the same was up by 270% to Rs 4.37 crore and accounted for 8% of total. PBIT margin stood at 8.7% vis a vis 2.4% for June 17 quarter.
Performance for the 12 months ended Mar 18
Net sales for the 12 ended Mar 18 of the company stood at Rs 1012.32 crore up by 5% YoY. OPM stood at 14.8%, up by 260 bps, thus overall growth in OP stood at Rs 150.17 crore, up by 28% YoY. Other income for 12 ended Mar 18 stood at Rs 4.57 crore down by 20% YoY. Thus, PBIDT was up by 26% to Rs 154.74 crore. With interest costs being down by 7% to Rs 18.26 crore and depreciation was higher by 2% to Rs 34.84 crore, PBT was up by 47% to Rs 101.64 crore. With total tax of Rs 35.09 crore, up by 33% YoY, PAT for the 12 ended Mar 18 stood at Rs 66.56 crore, up by 56% YoY.
For the 12 months, sales from the building product segment stood at Rs 842 crore up by 8% YoY and accounted for 83% of sales. PBIT from the same was up by 34% to Rs 135.36 crore and accounted for 94% of total. PBIT margin stood at 16.1%.
For the 12 months, sales from the synthetic blended yarn Segment stood at Rs 170.32 crore, down by 5% YoY and accounted for 17% of sales. PBIT from the same was down by 53% to Rs 8.01 crore and accounted for 6% of total. PBIT margin stood at 4.7% for FY 18.
Other updates
With regard to expansion of V Boards Division at Jhajjar, Haryana, there are delays in commencement of production due to hostile weather conditions like extreme cold during winter season and extreme hot being encountered in summer and in view of the same, the company is expecting the commercial production to take place during September 2018.
Trial production of ATUM (a new age eco-friendly, energy efficient & energy generating roof is in progress and company awaiting for certain certifications and in view of the same, commercial production is expected from Sep 18 onwards.
|